The FedACH International Transatlantic Service enables U.S. financial institutions to send ACH credit transactions to Austria, Germany, the Netherlands*, Switzerland and the United Kingdom. Payments are converted from U.S. dollar to a variable amount of local currency using foreign exchange conversion. Financial institutions in the European countries receive funds in their respective local currency (euro, Swiss franc or British pound sterling), which are credited to them either one or two days after the U.S. settlement date, depending on the country.
See how the FedACH International Transatlantic Service can help your organization. Request a customized value calculator from your FedACH Sales Specialist to evaluate this option for your institution.
To start using the FedACH International Transatlantic Service, visit the Service Setup page or contact your FedACH Sales Specialist.
* As of January 1, 2008, service to the Netherlands is temporarily suspended. Additional details will be provided as they become available.
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